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FX.co ★ USD/CHF keeps moving in bearish trend

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Forex Analysis:::2016-12-29T15:07:44

USD/CHF keeps moving in bearish trend

We remain bearish below 1.0278 resistance (Horizontal overlap resistance) for a further push down to 1.0200 resistance (Fibonacci projection, Fibonacci retracement, horizontal overlap support).

Stochastic (21,5,3) is turning down from an area of resistance and displays bearish divergence vs price signalling a reversal is impending.

Sell below 1.0278. Set top loss at 1.0321 and take profit at 1.0200.

USD/CHF keeps moving in bearish trend

Analyst InstaForex
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